AMA vs OKTG

AMACDefiance Daily Target 2X Long AMAT ETF

OKTGALeverage Shares 2x Long OKTA Daily ETF

In short

AMA The first ETF to bolt 2x daily leverage onto Applied Materials, the company whose machines help make the chips. One stock, double the daily move, reset every night, at a 1.31% expense ratio.

OKTG A 2x daily amplifier on Okta, the identity-security stock, in an ETF wrapper. Leverage Shares prices it at 0.75%, under the typical leveraged single-stock fund, in a corner of the market built mostly around mega-caps.

Stated mandate

AMA The Fund seeks daily investment results equal to two times the daily percentage change in Applied Materials, Inc.'s share price, before fees and expenses.

OKTG The fund seeks daily leveraged investment results equal to 200% of the daily performance of the publicly traded common stock identified as OKTA, before fees and expenses.

Why people hold it

• AMA First ETF built to give 2x daily exposure to Applied Materials, the equipment maker whose tools sit upstream of nearly every chip. Launched in 2026.defianceetfs.cometfgi.com
• The mandate is literal: two times AMAT's daily percentage change, before fees and expenses. No index to drift from, no stock picking, one name and one multiple.defianceetfs.com
• Holds to that mandate closely enough to sit in the upper half of a crowded single-stock leveraged field, and it changes hands at moderate volume.

• OKTG Costs 0.75% a year, below the roughly 1.01% median for leveraged single-stock funds, and matches the fee on Leverage Shares' other 2x products like UNHG and ASMG.
• Mechanically simple: it aims for 200% of Okta's daily move before fees and expenses, no margin account, options chain or share borrow involved.leverageshares.com
• Unusual target. Most 2x single-stock ETFs point at mega-caps such as AAPU and GGLL; this one puts the same machinery on a cybersecurity name.

Worth knowing

• AMA Leverage resets daily. Hold longer and results compound off each day's move, which can diverge sharply from twice AMAT's return over the same stretch.
• The 1.31% expense ratio sits above the category median; 2x peers such as TSMG (0.76%) and OKTG (0.75%) charge less, though neither tracks Applied Materials.
• One stock, doubled: AMAT earnings nights and turns in the chip-equipment cycle land here with twice the force. It is also still a young, small fund.

• OKTG The leverage resets every day. Hold past that and returns compound, so a choppy stretch can leave you far from 2x Okta's move over the period.
• One company, doubled. An earnings gap or a breach headline at Okta hits the fund at twice the size, with no other holdings to soften it.
• Launched in November 2025 and still small and thinly traded, so spreads can run wider than on the long-established mega-cap leveraged funds.

Full AMA profile⁠

Full OKTG profile⁠